Subject: File No. S7-26-07
From: Edward N Bond, Jr, CFP
Affiliation: Certified Financial Planner

November 14, 2007

How is it possible that the SEC would even consider allowing unlicensed, unregulated parties to to participate for profit in any registered activity?
I am certain that the Board of Realtors would not welcome a registered individual into the fold, simply as a result of experience in TICs, as an example.
What is the purpose of registration? Ultimately, I would like to believe that the Commission believes as do I, that the public is best served in the manner that we are currently serving them. Making exceptions, such as this one, will only dilute and diffuse the regulatory power of the Commission,devalue our registrations, create a slippery slope of uncertainty that no sane mind wishes to navigate.